Michael Hudson joins Professor Lau Kin Chi for the South South Dialogue on Sustainability to discuss the Iran war, the Strait of Hormuz, de-dollarization, oil prices, debt moratoriums and the deepening global economic crisis.
“Donald Trump’s war is to make money for himself, and he makes money by essentially manipulating the stock market prices. In the morning he’ll say there’s going to be peace, we’ve all reached an agreement. And once he makes that, his people will buy stocks forward and they’ll buy options to buy stocks. The stock market will soar. He’ll make a killing, then he’ll sell it. Then the next day he’ll say, well, I’m sorry, the negotiations have fallen apart. We’re going to bomb Iran. But before he says that, he will have sold the stock market short. And that means he’s bet that prices will go down. He makes a killing on that.”
~ Quote from Michael Hudson
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